Clearline Capital LP bought a new stake in Caesars Entertainment Corp (NASDAQ:CZR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 536,907 shares of the company’s stock, valued at approximately $6,792,000. Caesars Entertainment comprises about 3.5% of Clearline Capital LP’s holdings, making the stock its 11th largest position. Clearline Capital LP owned approximately 0.08% of Caesars Entertainment as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Caesars Entertainment by 660.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,608 shares of the company’s stock valued at $122,000 after buying an additional 8,344 shares during the last quarter. Loeb Partners Corp purchased a new stake in Caesars Entertainment in the fourth quarter valued at approximately $126,000. Cerebellum GP LLC purchased a new stake in Caesars Entertainment in the 4th quarter worth approximately $127,000. BB&T Corp purchased a new stake in Caesars Entertainment in the 4th quarter worth approximately $131,000. Finally, Suntrust Banks Inc. purchased a new stake in Caesars Entertainment in the 4th quarter worth approximately $135,000. Hedge funds and other institutional investors own 94.66% of the company’s stock.
Caesars Entertainment Corp (NASDAQ:CZR) opened at $12.60 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.81 and a debt-to-equity ratio of 5.55. Caesars Entertainment Corp has a 52 week low of $9.00 and a 52 week high of $14.50.
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About Caesars Entertainment
Caesars Entertainment Corporation is a holding company. The Company provides casino-entertainment and hospitality services. The Company’s segments include Caesars Entertainment Resort Properties, LLC (CERP), Caesars Growth Partners, LLC (CGP) and Other. The Company’s resorts operate primarily under the Harrah’s, Caesars and Horseshoe brand names.
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